The Mutual Investment Model

Part of 1. Questions to the Cabinet Secretary for Finance – in the Senedd at 2:16 pm on 14 November 2018.

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Photo of Mark Drakeford Mark Drakeford Labour 2:16, 14 November 2018

I thank the Member for the question. I know that he attended a technical briefing with officials on this matter, and I'm grateful to him for doing that. The way in which band B of twenty-first century schools is brought within the mutual investment model is through aggregation. Individually, those schemes would not meet the test that he has set out, but, by bringing them all together under a single Welsh scheme, cumulatively the spending across Welsh local education authorities meets the threshold that he has identified, and thus allows us to apply the mutual investment model in that field.